LimeFX Broker Review

On the other hand, some brokers will offer one standard account type which aims to target a certain group of clientele. These partners do not control the content on the page beyond providing us with datapoints to ensure that the information in our database is accurate. The datapoints provided are used to calculate a rating based on what we beileve has the most benefit to our users. Our proprietary rating algorithm takes all of the datapoints to generate the rating. This keeps things fair and removes human bias to ensure that our users can compare brokers easily and find the best ones for their needs.

You need to begin by signing up on the LimeFX website. It will require you to fill in details pertaining to the credibility and security of your account. You will probably also have top go through the standard KYC checks but LimeFX are normally pretty quick with this. The reason that LimeFX asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, LimeFX has to be careful that they don’t breach any money laundering laws and part of that is know as KYC . This means that at all times, LimeFX must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.

What else can be found and is very helpful are video reviews and webinars. Withdrawal fees vary depending on your selected payment method. In terms of service LimeFX, the company is very cool. I have never known problems with a conclusion in the terminal, and this I think is the most important thing. From the positive sides, I can add more analytics in my account, the quality of forecasts is overwhelming, there is much to learn in search of ideas for deals. Watch the most common forex scam videos and how to avoid them starting right now.

My attention to this company was attracted by synchronized trading. I collected information for a long time, looked closely with traders, and in the end I decided. This is the best news in recent months, especially since my independent work is not at all positive. LimeFX is a forex & CFD broker based out of Cyprus in Europe and the offshore jurisdiction Saint Vincent and the Grenadines in the Caribbean. From here, the broker serves traders all over the world, with the usual exception of residents of the US, Canada, and a few other countries.

LimeFX have some useful trading tools to help with trade planning and market analysis. The MetaTrader WebTrader offers most of the same features as MT4 and runs directly in most popular web browsers without needing to download or install any additional software. I like how this version of the platform is always up to date and I can access it from any device. Client funds are secured in segregated accounts with leading international banks, separate from the company’s funds so that they cannot be used for any other purpose. LimeFX-DJ International Consulting Ltd operates in the European market in accordance with the Markets in Financial Instruments Directive . MiFID is an EU law which is put in place to harmonise the regulation for financial services across the member states of the European Economic Area.

Expanding this resourceful category is the Market Overview category, where traders can read opinions by one of the LimeFX analysts. Under Technical Analysis, traders will find trading recommendations in a brief but quality format. A video section exists with a daily market briefing, though the last update is from May 2020. I heard that it’s one of the crucial services provided by this company and it’s even more popular than manual trading.

Afterall, at any time I can deposit a small amount and if there’s something wrong I can withdraw it. Even if I fail to withdraw it, losing a small amount can hardly be a fatal loss for me. I would like to note such a good feature of LimeFX – here trading on a demo account and a real one are almost the same. If everything is going well for you while learning on the demo, be sure that the real account will not disappoint you either. LimeFX is an international company active since the year 1994.

LimeFX is a multi-award-winning, regulated and transparent online trading broker offering a good selection of over 200+ instruments including Forex, Cryptos and CFDs. They give you a choice of flexible account types depending on your trading style and what matters the most to you. There are some professional trading tools that can help with your market analysis and trade management. I like how they support beginners with lots of educational materials and free demo accounts. If you are ready to trade, the minimum deposit is just $100 and signup process doesn’t take long to complete. The broker has solutions for those who want to trade by themselves or copy signals from other traders.

Is LimeFX a trustworthy broker?

Besides that, it’s in the temporary regime in the UK. As a CIF, the company can also trade in third countries if it complies with its trading regime. Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital. limefx official site Yes, trading via LimeFX is a pleasant and decent experience indeed. It’s a great and intuitive platform with helpful features for your ease. In addition, you could also obtain access to a huge collection of educational tools and assistive material to kickstart your trading experience.

• Therefore, in LimeFX, you can connect the service of Synchronous Trading.
• You may use this feature to build your faith in the system and yourself and your trading strategies.
• I didn’t use its educational materials on the site to grasp the basics of trading – I learned it on other resources.
• An online application handles new applications, following established industry standards.

I think 80% of traders that choose LimeFX do so because of the brokerage brand name. This company is really very popular in Europe and the broker is well known in the trading industry, that’s true. That’s so called goodwill and company is using it to atract the clients.

What is the LimeFX minimum deposit?

TradingBeasts helps individual traders learn how to trade forex, cryptocurrencies and other assets as CFDs. We actively trade, publish educational articles and news. We verify and compare brokerage companies and warn our readers about suspicious projects or scam marketing campaigns. We are also a community of traders that support each other on our daily trading journey. The ESMA regulatory framework prohibits EU-based brokers from offering bonuses and promotions. LimeFX maintains a three-tier VIP program for clients with deposits above $50,000.

• Plus, traders can meet real pro traders via a number of in-house seminars and workshops held locally at LimeFX’s offices.
• It takes a minute and the registration is very simple too.
• On the other hand, some brokers will offer one standard account type which aims to target a certain group of clientele.
• One important point, if you would find a good master.
• PayPal is also at your disposal for depositing money.
• LimeFX clients have access to trade on platforms that utilise the latest technologies on multiple devices.

I don’t really understand all the hype around this company. All that this company attracts is, of course, various bonuses and cashback, which always interest traders who work with small capital. And in general, yes, this is an advantage because this “money” can be used as part of the capital while actively trading or can be used for copying. I have never been interested in finance or, to put it correct, to work in this area.

As a broker, it remains well behind competitors, across the board. Whilst maintain the main functionality and features of MT4, MT5 also has some extras built in including an economic calendar and depth of market. Whilst MT4 is likely to provide more than enough tools and functions for the average trader, MT5 could be deemed preferable to the more advanced trader. I personally feel that you cannot go wrong with either platform. And it seems to me that the most interesting thing about this brokerage company is that the company financially supports its clients.

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After a criminal case was opened against LimeFX, Sergey Shamraev fled to Europe and settled in LimeFX in Cyprus, here he gathered all the crooks from Russia and also deceives people. When I realized that he was pouring all the money clients offshore, I quit. The broker is also offering a Demo account and education for all new clients. Investors must understand and acknowledge these specific characteristics and risks and be warned that there is no EU regulatory framework governing trading in cryptocurrency products.

Even if you think that sync-trading is easy way to earn money – it’s also wrong. I knew this broker before, got some education at their free courses and later started trading on a live account here. I can’t really say that there were no troubles at all. All traders go through their ups and downs from time to time, IMHO. Yet, LimeFX has always been a reliable partner for me. The copy-trading feature deserves a separate thank you as it allows getting a smoother equity curve, speaking of the above ups and downs.

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In this case, many people who are not serious about trading will come to trade. But, on the other hand, it is psychologically better to trade small, but real money than for months on a demo account. Before trading with any of the brokers or software potential clients should ensure they understand the risks and verify that the broker is properly licensed. The website does not provide LimeFX services or personal recommendations to clients to trade forex.

In reality, I also made sure that this company can be trusted, because I have no technical difficulties in trading here, and I can withdraw funds at any time convenient for me. LimeFX traders using the MetaTrader 4 platform available in just about every version out there including MetaTrader 4 MultiTerminal, MetaTrader 5 and regular MT4. All that’s required is for a trader to download their relevant file via the standard procedure which just about anyone can do who can use a computer.

Third-party withdrawal fees exist, depending on the payment processor. Yes, LimeFX offers virtual portfolio accounts so you can test your trading strategies before risking any real money. Newbie traders can open a demo account in order to become better acquainted with the areas of Forex trading and test out some of the company’s features before signing up for a live account.

• For starters, they don’t provide any real bonuses or even seasonal promotions.
• The LimeFX phone support team were able to effectively address our questions and issues via phone.
• Modern Standard Forex accounts charge no commission and rely on Market Execution, which means no re-quotes or further prompts during order confirmation.
• Their website has a simple visage, but full of information about who they are and what they`ve achieved.

LimeFX offers both MT4 and 5 in all the versions you can think of making it easy for the broker’s traders to quickly access their account from where ever they want even from mobile devices. The broker offers just two VIP accounts and a demo account. The accounts chosen will mainly depend on the trader’s initial deposit size, after which they are assigned one of the two VIP statuses. The first is VIP Gold which requires a $50,000 deposit. The other is the VIP Platinum for those who deposit over $500,000.

Does LimeFX accept credit cards?

Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the risk of losing your money. Sync-trading in LimeFX is the best way for me to earn money but still to have a lot of free time. I’m investing my money and choose not high-risky strategy to trade with low-risks.

In 2013, there was a crisis in the financial world – a Cyprian one. From official data, 2 major banks on Cyprus went bankrupt as a result of a default in Greece. Because special insurance funds were put in place, the clients were recompensed all of their funds. https://limefx.vip/ Despite the fact that, according to the policy of the Compensation Fund, this situation only implies compensations of up to 20,000 Euro, the Company managed to cover all losses in full. There are many brokers nowadays, but I prefer to choose only trusted ones.